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Buying and appt in Miami for family and airbnb

Hey real estate folks!

First of all, I'm from Argentina. In my country I have a construction company, about 20 properties, and I manage them myself, with the help of my administrative staff. I've been in the process of conducting some business in the US, unrelated to real estate. But I'll be travelling more and more to Miami. And I also want my family to come with me when the kids are on school break. So I've been thinking of buying and appt in a touristy area in Miami, have it managed to be rented on Airbnb, and be able to use it myself when I travel, or when I vacation with my family. While I know the real estate business in my country, I know very little about it in the US or in Miami. So here are my questions, I realize they are a lot but I'll apreciate any answer to any of them:

- Does this make good business sense? Will I be saving money as opposed to just renting an Airbnb myself when I need to? I'll be spending maybe 20 nights a year by myself in this place, and 20 more with my family of 4.
- Are Airbnb aptts profitable after taxes, expenses, maintenance, management fees, etc.? Am I looking at a break even situation, or can I make money with this?
- Is Miami a good market to invest at the moment?
- What are the common pitfalls for this kind of investment? should I as a foreigner take any extra or different precautions?

Thanks in advance for any help!

submitted by /u/Drorta
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source https://www.reddit.com/r/RealEstate/comments/k4c2eu/buying_and_appt_in_miami_for_family_and_airbnb/
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